Storm blows in tax extension

In the wake of this month”™s nor”™easter, the state extended the tax filing deadline for some businesses from March 15 to April 1, and asked the Internal Revenue Service to similarly approve a filing extension.

The storm arrived March 13 and interrupted power for days in some parts of Fairfield County. Tax returns for some businesses organized as either Subchapter S corporations or regular corporations were required to be filed with the IRS and DRS on March 15.

“The destruction caused by the storms seriously impeded the affected taxpayers”™ ability to file federal tax returns due on March 15th,” said Richard Nicholson, commissioner of DRS, in a letter to the IRS.  “This relief is totally warranted under the circumstances.”

Businesses taking the state extension should write “March 2010 Storm” across the top of returns being submitted to DRS to ensure special processing. If business taxpayers in the storm area receive a late filing notice from DRS for the March 15 filing deadline, they should call the DRS taxpayer services at (860) 297-5962 to explain the situation.